Updates, advisories and surprises

(4:24 PM ET) SAN FRANCISCO (MarketWatch) - NetSuite Inc.
N
on Thursday reported a first-quarter loss of $13 million, or 18 cents a share, compared with a loss of $7.7 million, or 11 cents a share, for the year-earlier period. Revenue rose to $91.6 million from $69.3 million. Adjusted profit was 4 cents a share. Analysts polled by FactSet on average were expecting a profit of 3 cents a share, on revenue of $91 million.

Starbucks raises 2013 profit outlook

(4:23 PM ET) SAN FRANCISCO (MarketWatch) -- Starbucks
SBUX, +0.14%
late Thursday raised its fiscal 2013 profit outlook after topping Wall Street's earnings for its fiscal second quarter on the strength of its U.S. business and a decline in coffee futures prices. For the quarter ended March 31, Starbucks said profit rose 26% to $390.4 million, or 51 cents a share. Analysts had expected 48 cents. Revenue rose 11% to $3.6 billion, while same-store sales grew 6%. Operating margins climbed to 15.3% from 13.5%. For its September 2013 fiscal year, Starbucks said it would earn between $2.12 to $2.18 a share. Its old forecast was $2.06 to $2.15 a share. However, Starbucks maintained its outlook for margin improvement, revenue and same-store sales growth. Starbucks shares fell 1.6% to $59.50 in late trade. Ahead of the report, the stock was trading near its five-year high of $62.

Expedia posts bigger loss, but results beat Street

(4:16 PM ET) SAN FRANCISCO (MarketWatch) - Expedia Inc.
EXPE, +0.82%
on Thursday reported a first-quarter loss of $104.2 million, or 77 cents a share, compared with a loss of $3.3 million, or 2 cents a share, for the year-earlier period. Revenue rose to $1 billion from $816.5 million. Adjusted profit was 25 cents a share. Analysts polled by FactSet on average were expecting the online travel site to post a profit of 23 cents a share, on revenue of $967.5 million. Shares of Expedia were up more than 4% in after-hours trading.

Amazon earnings fall, but beat Street forecasts

(4:10 PM ET) SAN FRANCISCO (MarketWatch) - Amazon.com reported a drop in net income for the first quarter, though widely beat Wall Street's earnings forecast. For the period ended March 31, Amazon
AMZN, -0.13%
reported net income of $82 million, or 18 cents per share, compared to net income of $130 million, or 28 cents per share, for the same period last year. Revenue rose 22% to $16.07 billion. Analysts were expecting earnings of 7 cents per share on revenue of $16.14 billion, according to FactSet. Operating income came in at $181 million - beating the company's previously forecasted range. Amazon's shares rose 1.5% in after-hours trading following the report 2.2% to $274.70.

Fusion-io shares surge on results, forecast

(10:00 AM ET) SAN FRANCISCO (MarketWatch) -- Shares of Fusion-io
FIO
jumped nearly 19% to $19.72 in early trades on Thursday after the company and issued a forecast that was also higher than Wall Street's estimates. The company, which sells data-storage technology, said it expects revenue of about $110 million in the current quarter compared to $107 million expected by analysts. "Fusion-io's March quarter report should help quell investor concerns that the sky is falling," wrote Edward Parker of Lazard Capital, who added that the company's "core business is growing nicely." The stock had slid more than 17% in the three months since its last earnings report; Thursday's gains put Fusion-io shares back near the $20 mark the stock was trading at in late January.

(8:25 AM ET) MADRID (MarketWatch) -- Shares of social-games maker Zynga Inc.
ZNGA, -2.99%
fell over 9% in premarket trading after the company reported a surprise profit for the first quarter, but disappointed with a revenue forecast. Zynga shares fell by that same amount in late trading the day prior. The company said it has pulled the plug on several games and projected a revenue range of $225 million to $235 million for the first quarter, well below expectations.

Exxon Mobil Q1 earnings rise as sales fall

(8:20 AM ET) NEW YORK (MarketWatch) -- Exxon Mobil Corp.
XOM, +0.00%
earned $9.5 billion during the first quarter, or $2.12 per share, up from $9.45 billion, or $2.00 per share in the first quarter of 2012. Total revenue fell to $108.81 billion from $124.053 billion in the first quarter of 2012. The company reported production decreased 3.5% on an oil-equivalent basis. Analysts had expected EPS of $2.05 on revenue of $109.53 billion. The company declared a second-quarter dividend of $0.63 per share Wednesday. Exxon's stock nudged upward by 0.53% on the day.

3M stock drops on disappointing earnings report

(8:05 AM ET) NEW YORK (MarketWatch) -- Industrial company 3M
MMM, +0.68%
reported earnings of $1.129 billion, or $1.61 per share, in the first-quarter, beating its first-quarter of 2012, when it reported earnings of $1.125 billion, or $1.59 per share. 3M's sales for Q1 were $7.63 billion, up from $7.49 billion a year ago, with the company's largest sales growth coming in the health-care and consumer sectors. Wall Street analysts had expected EPS of $1.65 on revenue of $7.81 billion, according to FactSet. Shares were down 3.6% in pre-market trading on the news.

UPS reaffirms full-year earnings guidance

(8:05 AM ET) NEW YORK (MarketWatch) -- United Parcel Service Inc.
UPS, +0.26%
said Thursday it earned $1.04 billion, or $1.08 a share in the first quarter, compared with $970 million, or $1.00 a share, a year earlier. Adjusted earnings totaled $1.04 a share. Revenue increased to $13.43 billion from $13.14 billion. Wall Street analysts expected UPS to earn $1.00 a share on sales of $13.47 billion, according to a survey by FactSet. The package-delivery company said it benefited from a stronger-than-expected post-holiday season and it reaffirmed its 2013 guidance for full-year adjusted EPS of between $4.80 to $5.06.

United Continental reports Q1 net loss of $417 mln

(8:02 AM ET) NEW YORK (MarketWatch) -- United Continental Holdings Inc.
UAL, +2.52%
reported Thursday a first-quarter net loss of $417 million, or $1.26 loss per share, from a loss of $448 million, or $1.36 loss per share, from a year-ago quarter. The company reported an adjusted loss of 98 cents per share. The airline company's revenue was up 1.4% to $8.7 billion from $8.6 billion in the quarter a year earlier. Wall Street analysts expected the company to have a loss of $1.09 a share on sales of $8.7 billion, according to a survey by FactSet. United Airlines said consolidated passenger revenue was up 0.7% year-over-year for the first quarter. First-quarter 2013 consolidated load factor was 81.1%, an increase of 3 points versus the first quarter of 2012, as available seat miles declined. United Continental shares were down 0.15% in premarket.

Bristol-Myers Squibb affirms full-year EPS view

(7:54 AM ET) NEW YORK (MarketWatch) -- Bristol-Myers Squibb Co. said Thursday its first-quarter profit fell 45% to $609 million, or 37 cents a share, from $1.1 billion, or 64 cents a share, a year earlier. Net sales fell 27% to $3.83 billion, from $5.25 billion a year earlier. Adjusted earnings were 41 cents per share, the pharmaceutical giant said. Analysts polled by FactSet had expected earnings per share of 41 cents on revenue of $3.88 billion. The company confirmed its 2013 EPS guidance range of $1.54 to $1.64 and its guidance for adjusted EPS of $1.78 to $1.88, assuming current exchange rates. Bristol-Myers Squibb shares were down 0.3% in pre-market trading.

Dow Chemical first-quarter profit up, sales fall

(7:28 AM ET) NEW YORK (MarketWatch) -- Dow Chemical Co.
DOW, -0.08%
said Thursday first-quarter net income rose to $550 million, or 46 cents a share, from $412 million, or 35 cents a share, a year earlier. Adjusted earnings were 69 cents a share. Quarterly net sales fell to $14.4 billion from $14.7 billion a year ago mainly due to a 13% decline in sales in the Feedstocks and Energy business. Analysts polled by FactSet had expected earnings per share of 61 cents on revenue of $14.84 billion. "We have previously stated that our business plans did not call for material macroeconomic improvements in 2013 versus 2012. Given persistent volatility and uncertainty, this remains the right mindset for operating the Company," said Andrew Liveris, chief executive officer and chairman. Shares were up 0.34% after the report in premarket trade.

AmerisourceBergen Q2 profit fell to $45.63 million

(7:26 AM ET) NEW YORK (MarketWatch) -- AmerisourceBergen Corporation
ABC, +2.13%
said Thursday its second-quarter profit fell to $45.63 million, or 19 cents a share, from $212 million, or 81 cents a share, from a year-ago quarter. The company reported adjusted earnings per share of 87 cents. The pharmaceutical services company's revenue rose 4.1% to $20.5 billion from $19.7 billion in the year-earlier quarter. Wall Street analysts expected the company to earn 88 cents a share on sales of $21.45 billion, according to a survey by FactSet. AmerisourceBergen shares were down more than 3% in premarket trading.

ConocoPhillips first-quarter profit falls

(7:19 AM ET) NEW YORK (MarketWatch) - ConocoPhillips
COP, +0.90%
said Thursday it earned $2.1 billion, or $1.73 a share, in the first quarter, down from $2.9 billion, or $2.27 a share, a year earlier. Adjusted earnings were $1.42 a share, said the firm, the world's largest independent exploration and production company, based on production and proved reserves. Wall Street analysts had expected it to earn $1.42 a share. The company said that consistent with prior guidance, second-quarter 2013 production from continuing operations is expected to be between 1,440 and 1,470 million barrels of oil-equivalent a day. First-quarter total production was 1,596 MBOED, including continuing operations of 1,555 MBOED, it said. Combined production from its Eagle Ford, Bakken and Permian fields was up 42% over a year earlier, and oil sands production averaged 109 MBOED, up 30% over the first quarter of 2012.

Time Warner Cable earnings rise 5%

(6:33 AM ET) LONDON (MarketWatch) -- Time Warner Cable Inc.
TWC, +0.00%
on Thursday reported first-quarter net income of $401 million, or $1.34 per share, up from $382 million, or $1.20 per share in the year-ago period. On an adjusted basis, income rose to $423 million and $1.41 per share compared to $414 million and $1.30 per share. Revenue came in at $5.48 billion, up from $5.13 billion last year. Analysts polled by FactSet expected earnings of $1.37 per share on revenue of $5.49 billion.

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